ETSZ.DE vs. ASR3.DE

Last updated Apr 2, 2026

Compare and contrast key facts about BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) and BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE).

ETSZ.DE and ASR3.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETSZ.DE is a passively managed fund by BNP Paribas that tracks the performance of the STOXX® Europe 600. It was launched on Sep 16, 2013. ASR3.DE is a passively managed fund by BNP Paribas that tracks the performance of the Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB. It was launched on Oct 4, 2019. Both ETSZ.DE and ASR3.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ETSZ.DE vs. ASR3.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) and BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE). The values are adjusted to include any dividend payments, if applicable.

ETSZ.DE vs. ASR3.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF	1.43%	20.43%	8.21%	15.61%	-10.31%	24.89%	-1.49%	3.54%
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF	-0.38%	2.90%	4.41%	4.76%	-5.36%	-0.22%	0.46%	0.11%

Returns By Period

In the year-to-date period, ETSZ.DE achieves a 1.43% return, which is significantly higher than ASR3.DE's -0.38% return.

ETSZ.DE

• 1D: 2.46%
• 1M: -3.75%
• YTD: 1.43%
• 6M: 6.77%
• 1Y: 13.82%
• 3Y*: 12.25%
• 5Y*: 9.58%
• 10Y*: 9.02%

ASR3.DE

• 1D: 0.28%
• 1M: -0.68%
• YTD: -0.38%
• 6M: 0.03%
• 1Y: 1.83%
• 3Y*: 3.60%
• 5Y*: 1.13%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETSZ.DE vs. ASR3.DE - Expense Ratio Comparison

Both ETSZ.DE and ASR3.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

ETSZ.DE

BNP Paribas Easy STOXX Europe 600 UCITS ETF

ASR3.DE

BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF

Return for Risk

ETSZ.DE vs. ASR3.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETSZ.DE

ETSZ.DE Risk / Return Rank: 48
ETSZ.DE Sharpe Ratio Rank: 47
ETSZ.DE Sortino Ratio Rank: 42
ETSZ.DE Omega Ratio Rank: 48
ETSZ.DE Calmar Ratio Rank: 50
ETSZ.DE Martin Ratio Rank: 52

ASR3.DE

ASR3.DE Risk / Return Rank: 52
ASR3.DE Sharpe Ratio Rank: 53
ASR3.DE Sortino Ratio Rank: 57
ASR3.DE Omega Ratio Rank: 51
ASR3.DE Calmar Ratio Rank: 45
ASR3.DE Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETSZ.DE vs. ASR3.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) and BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ETSZ.DE	ASR3.DE	Difference
Sharpe ratio Return per unit of total volatility	0.91	1.02	-0.10
Sortino ratio Return per unit of downside risk	1.25	1.54	-0.30
Omega ratio Gain probability vs. loss probability	1.19	1.21	-0.01
Calmar ratio Return relative to maximum drawdown	1.42	1.34	+0.08
Martin ratio Return relative to average drawdown	5.52	5.93	-0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETSZ.DE vs. ASR3.DE - Sharpe Ratio Comparison

The current ETSZ.DE Sharpe Ratio is 0.91, which is comparable to the ASR3.DE Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of ETSZ.DE and ASR3.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ETSZ.DE	ASR3.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	1.02	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.55	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.44	+0.06

Correlation

The correlation between ETSZ.DE and ASR3.DE is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ETSZ.DE vs. ASR3.DE - Dividend Comparison

ETSZ.DE has not paid dividends to shareholders, while ASR3.DE's dividend yield for the trailing twelve months is around 2.98%.

	TTM	2025	2024	2023	2022	2021
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF	2.98%	2.97%	3.58%	0.93%	1.02%	0.50%

Drawdowns

ETSZ.DE vs. ASR3.DE - Drawdown Comparison

The maximum ETSZ.DE drawdown since its inception was -35.51%, which is greater than ASR3.DE's maximum drawdown of -6.86%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and ASR3.DE.

Drawdown Indicators

	ETSZ.DE	ASR3.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.51%	-6.86%	-28.65%
Max Drawdown (1Y) Largest decline over 1 year	-12.54%	-1.38%	-11.16%
Max Drawdown (5Y) Largest decline over 5 years	-20.55%	-6.86%	-13.69%
Max Drawdown (10Y) Largest decline over 10 years	-35.51%	—	—
Current Drawdown Current decline from peak	-5.30%	-0.97%	-4.33%
Average Drawdown Average peak-to-trough decline	-5.45%	-1.57%	-3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	0.31%	+2.29%

Volatility

ETSZ.DE vs. ASR3.DE - Volatility Comparison

BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a higher volatility of 5.87% compared to BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE) at 0.88%. This indicates that ETSZ.DE's price experiences larger fluctuations and is considered to be riskier than ASR3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETSZ.DE	ASR3.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	0.88%	+4.99%
Volatility (6M) Calculated over the trailing 6-month period	9.12%	1.12%	+8.00%
Volatility (1Y) Calculated over the trailing 1-year period	15.10%	1.81%	+13.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.21%	2.03%	+12.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.50%	2.24%	+13.26%